Ballentine's law dictionary. Anderson, W.S.. 1998.
unrelated business income — Income recognized by an exempt organization that is generated from activities not related to the exempt purpose of the entity. For instance, the pharmacy located in a hospital often generates unrelated business income. I.R.C. No. 511. In order… … Black's law dictionary
Unrelated Business Income Tax — (UBIT) in the U.S. Internal Revenue Code is the tax on unrelated business income, which comes from an activity engaged in by a tax exempt 26 USCA 501 organization that is not related to the tax exempt purpose of that organization.RequirementsFor… … Wikipedia
unrelated business income tax — Tax levied on the unrelated business taxable income of an exempt organization. See unrelated business income … Black's law dictionary
Unrelated Business Taxable Income - UBTI — Income regularly generated by a tax exempt entity by means of taxable activities. This income is not related to the main function of the entity, but is needed to generate a small portion of income. If an investor holds an Individual Retirement… … Investment dictionary
Unrelated Business Tax Income — Income earned by a tax exempt entity that does not result from tax exempt activities. The entity may owe taxes on this income. Bloomberg Financial Dictionary … Financial and business terms
BUSINESS ETHICS — The Role of Wealth Any discussion of business ethics, within any cultural or religious framework, requires at the very outset a definition of the role of material wealth, financial assets, and other forms of economic possessions. Furthermore,… … Encyclopedia of Judaism
income tax — a tax levied on incomes, esp. an annual government tax on personal incomes. [1790 1800] * * * Levy imposed by public authority on the incomes of persons or corporations within its jurisdiction. In nations with an advanced system of private… … Universalium
business finance — Raising and managing of funds by business organizations. Such activities are usually the concern of senior managers, who must use financial forecasting to develop a long term plan for the firm. Shorter term budgets are then devised to meet the… … Universalium
business organization — Introduction an entity formed for the purpose of carrying on commercial enterprise. Such an organization is predicated on systems of law governing contract and exchange, property rights, and incorporation. Business enterprises… … Universalium
Pretax Operating Income - PTOI — An accounting term that refers to the difference between a company s operating revenues (from its primary businesses) and its direct expenses (except taxes) tied to those revenues. Pretax operating income excludes non operating forms of revenue… … Investment dictionary
